On February 17th, Red Star Capital Bureau reported that with the disclosure of the 13F documents in the US stock market, the latest holdings of well-known investment institutions have surfaced. Among them, multiple institutions increased their holdings in Alibaba in the fourth quarter of 2023.
In the holdings disclosed by Canada Pension Plan Investment Board (CPPIB), the largest pension fund in Canada, as of the end of the fourth quarter of 2023, Alibaba had purchased 3.6 million new shares with a market value of $279 million, making Alibaba its largest new acquisition target in the fourth quarter.
Screenshot taken from Whalewisdom official website
Michael Burry's hedge fund Scion Asset Management LLC, the prototype of the movie "Big Short," also increased its holdings of 25000 shares in Alibaba in the fourth quarter of last year, with a total holdings of 75000 shares and a market value of $5.813 million. The institution also increased its holdings of 75000 shares in JD.com, with a total holdings of 200000 shares and a market value of 5.778 million US dollars. From the perspective of market value holdings, Alibaba and JD.com are their first and second largest holdings, with holdings accounting for 6.15% and 6.11% of their assets, respectively.
Soros Fund Management and the hedge fund Appaloosa, also known as the bottom hunters, increased their holdings in Alibaba in the fourth quarter. Among them, Soros Fund Management increased its holdings to 75000 shares and Appaloosa increased its holdings to 4.35 million shares.
On February 7th, Alibaba announced its performance for the third quarter of the 2024 fiscal year as of December 31st, 2023. The company's operating revenue was RMB 260.348 billion, a year-on-year increase of 5.08%. Its core business segments, including Taobao, Tmall, Alibaba International, Alibaba Cloud, and Cainiao Group, performed steadily.
The well-known hedge fund Bridgewater ASSOCIATES has also disclosed its latest holdings. As of the end of the fourth quarter of 2023, the total market value of the institution's holdings reached $17.9 billion, an increase of $1.4 billion from the $16.5 billion at the end of the previous quarter. According to Whalewisdom statistics, Qiaoshui acquired 87 new stocks and cleared 85 stocks in the fourth quarter of last year.
From the specific position adjustment perspective, in the fourth quarter of last year, Lilly and Nvidia were the top two increase targets of Bridgewater. Among them, the increase in holdings of Lilly was as high as 412.51%, with a market value of 185 million US dollars, and the increase in holdings of Nvidia was as high as 458.10%, with a market value of 133 million US dollars.
It is worth mentioning that as a leader in artificial intelligence computing power, Nvidia's stock price surged by 239% in 2023 and has continued to rise by over 46% since 2024. At the close of the US stock market on Wednesday, Nvidia's total market value exceeded $1.8 trillion for the first time, surpassing Google to become the third highest valued company on the US stock market. Lilly's financial report released on February 6th showed that its revenue for the fourth quarter of 2023 was $9.35 billion, exceeding market expectations of $8.93 billion, a 28% increase from the same period last year.
Hillhouse's HHLR ADVISORS also disclosed its latest holdings. At the end of the fourth quarter of 2023, the institution significantly increased its holdings of 2.76 million shares in Pinduoduo, with a total of 10.1109 million shares and a market value of 1.479 billion US dollars. The shareholding ratio of a single stock reached 29.81%, making it the largest heavy holding stock. Pinduoduo's stock price rose by over 49% in the fourth quarter of 2023, surpassing Alibaba's market value at one point. However, there has been some adjustment since late January this year.
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